topic Re: Credit score question in Understanding FICO® Scoring

Credit score question

Jd57 — Wed, 30 Oct 2024 22:53:39 GMT

Does having a credit card from Amex or Chase on your credit report raise or help your score more than one of the less known banks such as Mercury or Credit One?

Re: Credit score question

Slabenstein — Wed, 30 Oct 2024 22:56:50 GMT

No, the issuer of a credit card isn't scored.

Re: Credit score question

GZG — Wed, 30 Oct 2024 23:25:46 GMT

@Jd57 wrote:
Does having a credit card from Amex or Chase on your credit report raise or help your score more than one of the less known banks such as Mercury or Credit One?

what having major banks does do is make your credit profile look better, even if the score is the same

I would find it very difficult to believe that assuming all other factors are the same:

Amex - $1k

BofA - $1k

Chase - $1500

vs.

Credit One - $1k

Mercury - $1k

Milestone - $1500

the first credit profile wouldn't get bigger and better future limits and approvals compared to profile two

Re: Credit score question

FicoMike0 — Thu, 31 Oct 2024 20:31:36 GMT

Banks differ widely on clis. I don't think the subprimes usually go big on clis, but neither does Capone or usb, in my experience. On the other hand, amex has always come through for me. I don't put a lot of spend on any of them. I got a $2000 qs 20 months ago, it's at $3200 today. I got a $6000 bce 16 months ago, it's at $27,000.